Health & Beauty
Health & Beauty covers the business developments, brand strategies, and consumer trends shaping the UK’s personal care, cosmetics, and wellness retail sectors. This section reports on product innovation, sustainability initiatives, partnerships, and market performance across high street, pharmacy, and online retailers. Retail Sector’s Health & Beauty coverage provides analysis and insight for retail professionals and suppliers, exploring how evolving lifestyles, regulation, and consumer priorities are influencing growth and competition in this dynamic category.
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Jul- 2024 -11 July
British entrepreneur close to Body Shop deal
British entrepreneur Mike Jatania is close to completing a rescue deal for The Body Shop, according to reports from Bloomberg. Jatania is thought to be part of a consortium alongside ex-Molton Brown CEO Charles Denton amongst others. It is believed that the retailer’s new owners are planning to retain all…
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8 July
Superdrug FY23 pre-tax profits hit £111m
Health and beauty retailer Superdrug has revealed its pre-tax profits jumped 43% to £111.6m during the 52 weeks ended 31 December 2023. Superdrug said the positive figures have been driven by strong retail store performance, increased sales volume and continued own brand growth as sales increased 11% to £1.52bn. Superdrug…
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8 July
Huddled Group acquires 75% stake in Boop Beauty
Huddled Group has announced it has taken a controlling stake of 75% of the equity in Boop Beauty Limited, an e-commerce business specialising in surplus beauty and cosmetic products. Huddled said it will pay a “modest sum” for the stake roughly equivalent to the value of stock on hand, with…
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3 July
Kiko Milano to expand presence at Trafford Centre
Italian makeup brand Kiko Milano has announced that it is set to open a permanent store at Trafford Centre on 26 July. Since its inception in 1997, Kiko has become known for its “innovative” products and formulations, making makeup accessible to a global audience. The brand has traded with Trafford…
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Jun- 2024 -28 June
Superdrug opens largest UK store at Westfield Stratford
Superdrug has today (28 June) opened the doors to its biggest UK store in Westfield Stratford Shopping Centre, London. The store, which has doubled in size to 9,890 sq ft, continues Superdrug’s expanding bricks-and-mortar retail footprint. The retailer plans to open 25 new stores in 2024, as it celebrates its…
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28 June
WBA shelves Boots sale plans for second time
Walgreens Boots Alliance (WBA), the owner of Boots, has reportedly shelved plans for a £7bn sale of the UK health and beauty retailer for the second time. According to The Telegraph, Walgreens abandoned the plans after cutting its profit outlook and announcing to close 700 of its US stores. Despite…
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27 June
Beauty brand Elemis opens first standalone store in Covent Garden
Beauty brand Elemis has opened its first UK store at 23 Monmouth Street in Covent Garden’s Seven Dials neighbourhood. Elemis’s Seven Dials store has been designed to bring its “feel-good” skincare to life. Spanning 1,000 sq ft the space immerses customers, boasting interactive features such as a product play table…
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26 June
Revolution Beauty returns to profit after ‘challenging’ two years
Revolution Beauty has returned to profit in its latest full-year results, as the group reaped the benefits of its ongoing strategic plan to focus on core product categories. In the year ended 29 February 2024, profit-before-tax hit £11.4m, up from a loss of £33.9m the prior year. Revenues rose slightly over…
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25 June
L’Occitane sales reach €2.5bn in FY24
L’Occitane International has seen its net sales increase by 19.1% to €2.5bn (£2.1bn) during the year ended 31 March. The beauty and wellness products retailer attributed this result to Sol de Janeiro and the performance of L’Occitane en Provence, particularly in China where it “outperformed” in a difficult market. However,…
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10 June
WBA delays Boots IPO amid sale talks
Walgreens Boots Alliance (WBA) has reportedly postponed plans for a possible Boots IPO as talks of a potential sale continue, according to Bloomberg. It is understood that WBA is currently weighing alternative options for the UK health and beauty retailer, having engaged in “informal” talks with potential buyers such as…
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